Economic crime cost UK businesses more than £40 billion last year ? equivalent to £100 million a day ? and the problem is getting worse, according to a report launched by business advisers and accountants, RSM Robson Rhodes.
In all, UK companies lost £32 billion in 2003 through acts such as fraud, embezzlement, corruption and money laundering, and spent a further £8 billion seeking to combat the problem. FTSE 100 companies alone lost an estimated £500 million and all listed companies lost £3 billion.
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